Houlihan Lokey Advises Mariani Premier Group

Houlihan Lokey is pleased to announce the successful placement of a $740 million credit facility, comprising a revolver, senior secured term loan, and delayed draw term loan (DDTL), for Mariani Premier Group (Mariani), a portfolio company of CI Capital Partners (CI Capital). Proceeds from the transaction were used to refinance existing indebtedness and provide dry powder to fund near-term acquisitions under LOI and future add-on acquisitions. The transaction closed on March 27, 2025.

Founded in 1958 and headquartered in Lake Bluff, Illinois, Mariani is the largest residential landscaping and home services provider in the U.S. With a workforce of more than 4,750 employees, the company operates across 13 states, serving a diverse customer base of more than 10,000 premium and ultra-premium customers. Mariani offers a comprehensive suite of maintenance and enhancement, design and build, snow removal, and other seasonal services.

CI Capital acquired Mariani in December 2020 as its initial investment in the highly attractive residential landscaping services market. Since then, Mariani has completed 26 add-on acquisitions, expanding the company’s geographic reach and comprehensive suite of services. Mariani has become the industry consolidator of choice and has a robust pipeline of near-term acquisition targets to support future growth.

The sponsor approached Houlihan Lokey to explore an opportunistic refinancing of the company’s credit facility to (i) optimize the cost of capital and (ii) provide the necessary capital to support continued add-on acquisitions.

Houlihan Lokey ran a streamlined process in the private credit markets, which resulted in a comprehensive financing solution with material oversubscription. The transaction featured favorable terms, including attractive pricing, minimizing call protection upon a change of control, and a DDTL with 24 months of availability to fund additional acquisitions.

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